Raymond James Thinks Trican Well Service Ltd’s Stock is Going to Recover

According to The Fly, in a report released today, Andrew Bradford from Raymond James maintained a Buy rating on Trican Well Service Ltd (TOLWF). The company’s shares opened today at $1.31, close to its 52-week low of $1.22.

According to TipRanks.com, Bradford is ranked #4085 out of 4918 analysts.

The the analyst consensus on Trican Well Service Ltd is currently a Moderate Buy rating.

Based on Trican Well Service Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $26.48 million. In comparison, last year the company had a net profit of $37.45 million.

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Trican Well Service Ltd. engages in the provision of products, equipment, and services used during the exploration and development of oil and natural gas reserves. It services include acidizing and production enhancement, carbon dioxide, cementing, coiled tubing, fracturing, geological, completion systems and downhole tool services, nitrogen and industrial services. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.